AGF Investments Proposes ETF and Fund Terminations Announcement

AGF Investments Announces Proposed ETF Terminations

AGF Investments Inc. has made an official announcement regarding the proposed termination of several exchange-traded funds (ETFs). The AGF Systematic Global Multi-Sector Bond ETF (ticker: QGB), AGF Systematic International Equity ETF (ticker: QIE), and AGF Systematic US Equity ETF (ticker: QUS) are set to terminate on or about April 29, 2025.

This announcement highlights significant changes in the investment landscape and signals to current security holders that they need to make considerations regarding their assets. The termination of these ETFs will lead to a mandatory redemption for any units held by securityholders as of the termination date.

Important Dates and De-listing Information

As part of the termination process, AGF Investments will seek to de-list these ETFs from Cboe Canada Inc. and the Toronto Stock Exchange (TSX) on or about April 28, 2025. Securityholders will be able to sell their units through stock exchanges until the de-listing occurs.

It’s crucial to understand that as of February 28, 2025, AGF will cease to accept any new subscriptions for the ETFs, which means that existing investors should keep an eye on their holdings and consider their options.

Distribution Details

In light of the pending terminations, AGF Investments is also making ad hoc distributions for the affected ETFs. Unitholders who are on record as of March 7, 2025, will be entitled to receive cash distributions on March 13, 2025. This is an essential consideration for investors as they assess their financial portfolios amid these changes.

Details surrounding the distribution amounts for each ETF per unit have been put in place, with specific cash distributions outlined as follows:

Distribution Breakdown

AGF Systematic Global Multi-Sector Bond ETF (QGB): Cash Distribution of $0.149364 per unit.

AGF Systematic International Equity ETF (QIE): Cash Distribution of $0.020788 per unit.

AGF Systematic US Equity ETF (QUS): Cash Distribution of $0.069762 per unit.

Investors are encouraged to stay informed about any additional updates regarding the ad hoc distributions expected to be announced around April 2, 2025.

Mutual Fund Termination Announcement

In addition to the ETF terminations, AGF Investments has also announced the proposed termination of the AGF Emerging Markets Bond Fund, which will also take effect on or about April 29, 2025. This mutual fund will no longer be available for purchase effective immediately, and no new purchases or switches will be allowed.

During this transition period, AGF has decided to waive the management fee typically associated with the fund from February 28, 2025, until the termination date. This could provide investors with a financial buffer as they make decisions about their investments.

Transfer and Redemption Options

Unitholders have the option to transfer their investments into another AGF Fund or redeem their units before the termination date. Those who hold units within client-name registered plans will see their units transitioned to the AGF Canadian Money Market Fund after the termination date. However, non-registered plans will face redemptions without any fees applied.

Advice for Unitholders

AGF Investments is urging unitholders to discuss their personal circumstances with financial advisors, especially concerning potential tax implications, to ensure they choose the best pathway for their investment needs.

Overview of AGF Management Limited

Founded in 1957, AGF Management Limited boasts a rich history in asset management, serving a diverse clientele and managing over $54 billion in assets. The company operates in public and private markets, emphasizing sustainable investment practices.

AGF Investments and its Subsidiaries

AGF’s offerings include several subsidiaries focused on investment solutions. These include AGF Investments Inc., AGF Investments America Inc., AGF Investments LLC, and AGF International Advisors Company Limited, ensuring that they provide comprehensive investment advisory services tailored to client needs.

Frequently Asked Questions

What ETFs are being terminated by AGF Investments?

The ETFs being terminated include the AGF Systematic Global Multi-Sector Bond ETF (QGB), AGF Systematic International Equity ETF (QIE), and AGF Systematic US Equity ETF (QUS).

When is the termination date for these ETFs?

The proposed termination date for the ETFs is on or about April 29, 2025.

How can investors get their cash distributions?

Investors on record as of March 7, 2025, will receive cash distributions payable on March 13, 2025.

What are the distribution amounts for each ETF?

The cash distributions per unit are: $0.149364 for QGB, $0.020788 for QIE, and $0.069762 for QUS.

What should unitholders do now regarding their investments?

Unitholders are encouraged to consult with financial advisors to evaluate their circumstances and consider their options moving forward.

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